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Topic: Amazon is going to accept bitcoin in the near future - page 2. (Read 6846 times)

legendary
Activity: 1414
Merit: 1000
How the hell does Hyena make that conclusion based on that incredibly vague, form letter response?
sr. member
Activity: 593
Merit: 250
i think that once Amazon integrates BTC, that we should see an increase in price because there will probably be so many more BTC transactions per day, and so many more BTC needed worldwide
hero member
Activity: 994
Merit: 1000
Same lies, different words. However, it would be amazing if bitcoin is accepted as a method of payment gateway as I am an avid online shopper and spend most of my tokens, gift cards and cash buying amazon products. It will make things easier.
zby
legendary
Activity: 1594
Merit: 1001
Contacted their customer support today with the following message:

Quote
Hi!

I can only pay with bitcoins but you don't accept that payment method. I also cannot
exchange the bitcoins for a gift card on a 3rd party web service because none of
them is currently online. Please integrate with bitpay or start accepting bitcoin
payments directly so that I can order from your site.

Got this answer:

Quote
Hello,

I'm sorry if we did not meet your expectations. Unfortunately, we don't process Bit
Coins. However, I sent your inquiry and suggestion to the higher managements since
this is not the first suggestion from a customer. We do hope that in the near
future, we may be able to provide payments in all kind of payment methods.

I am sure I've seen a very similar conversation being quoted on this forum in 2011.
legendary
Activity: 3248
Merit: 1070
they will eventually dump at some point, i'm not really convinced that this adoption will be a good thing

it will be, because will use bitcoin more, if amazon was to accept it, the fact that they will dump huge amount also, mean that a huge amount of bitcoin was purchased before that

a 1:1 ratio which will favor buyers, in the end and will make the price more strong and stable
legendary
Activity: 896
Merit: 1001
I sent a similar email to Amazon about two years ago and got the same response, so... Still coming soon(tm)!
hero member
Activity: 784
Merit: 502
they will eventually dump at some point, i'm not really convinced that this adoption will be a good thing
sr. member
Activity: 315
Merit: 250
Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money Sad



Well that's the risk you take when you hold a percentage of coins instead of using a payment processor, but who knows how much those coins might be worth in the future.
They have a paper loss if they still have the Bitcoins.  If they hold and the price rises, they have lost less or maybe gained.
As the number of Bitcoin they have has stayd the same, they haven't really lost anything, tax wise anyway I assume.

I doubt they will be complaining when the price rises again. 

I don't think they are complaining about anything just publishing their finances. I'm sure they're aware of the risks involved with bitcoin, and I'm sure they will hold for the considerable future, but nothing is guranteed with bitcoin. It's possible they may never recoup that money or are not willing to hold onto them for long enough.
sr. member
Activity: 248
Merit: 252
If it suited their accounting purposes, they could have said "we lost $xxxxxx in opportunity because we were too slow to get into BTC".



Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money Sad


full member
Activity: 226
Merit: 100
I order from amazon all the time using bitcoins through: https://giftoff.com/ have used them loads of times without any issues at all.
full member
Activity: 196
Merit: 100
they still don't provide paypal support and they would respond in the same way if you ask them, still uncertain about their future bitcoin support...

yet i like how you said that you can only pay in bitcoin, i guess one should lie to help bitcoin adoption  Cheesy

Haha, I liked the part too when he said he can only pay through bitcoins. Lying might not be an accurate word, manipulating might be Wink
I think amazon will provide payment support very soon, much more types of payment modes can be supported.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
is always good to hear that from a big company like amazon, but i dont beleive his reply since they didnt accept paypal yet for example, so i didnt know what to think about it.

btw as i sayd, would be awesome if they do it, lot of big companys will do the same after see it.

maybe that they just don't incorporate bitcoin because of the blocksize. if such a company indeed accept bitcoin as form of payment, then it will result in full to nearly full blocks if it turns out that amazon sells a lot via bitcoin.

Ya, because everyone is worried about the blocksize upgrade, even Amazon  Roll Eyes
legendary
Activity: 896
Merit: 1000
is always good to hear that from a big company like amazon, but i dont beleive his reply since they didnt accept paypal yet for example, so i didnt know what to think about it.

btw as i sayd, would be awesome if they do it, lot of big companys will do the same after see it.

maybe that they just don't incorporate bitcoin because of the blocksize. if such a company indeed accept bitcoin as form of payment, then it will result in full to nearly full blocks if it turns out that amazon sells a lot via bitcoin.
hero member
Activity: 672
Merit: 500
Well that's the risk you take when you hold a percentage of coins instead of using a payment processor, but who knows how much those coins might be worth in the future.

Overstock does use a payment processor. They do not accept bitcoin directly:

Quote
"At present we do not accept bitcoin payments directly, but use a third party vendor to accept bitcoin payments on our behalf. That third party vendor then immediately converts the bitcoin payments into US dollars so that we receive payment for the product sold at the sales price in US dollars."
http://www.coindesk.com/overstock-reports-over-100k-in-bitcoin-losses-for-q1-2015/

If they are holding cryptos, they should have bought them from the market or back from the payment processor in a separate deal. They lost $117,000 on its investments in cryptos in 2015 Q1. The report said "crypto" not bitcoin, Overstock may be holding litecoin or doge other than bitcoin as investment.
legendary
Activity: 1401
Merit: 1008
northern exposure
is always good to hear that from a big company like amazon, but i dont beleive his reply since they didnt accept paypal yet for example, so i didnt know what to think about it.

btw as i sayd, would be awesome if they do it, lot of big companys will do the same after see it.
legendary
Activity: 2114
Merit: 1015
Interesting, have you dropped your credit cards as well? I have sent similar e-mails to merchants telling them that I am dropping my credit cards and using bitcoins.

Maybe I should create a thread so we can coordinate our e-mails to merchants.


Edit: Here it is
https://bitcointalksearch.org/topic/lets-coordinate-our-contacts-to-merchants-post-a-merchant-contact-info-here-1100748

I have never used my debit card as a credit card because I don't trust it and I don't like the idea of taking a loan. I do use a debit card for OTC purchases. For international purchases I can only use bitcoin because I don't have a paypal account and I don't intend to create one. Also, I don't think online merchants accept SEPA bank transfer as a payment method, although I haven't looked into it.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Contacted their customer support today with the following message:

Quote
Hi!

I can only pay with bitcoins but you don't accept that payment method. I also cannot
exchange the bitcoins for a gift card on a 3rd party web service because none of
them is currently online. Please integrate with bitpay or start accepting bitcoin
payments directly so that I can order from your site.


Interesting, have you dropped your credit cards as well? I have sent similar e-mails to merchants telling them that I am dropping my credit cards and using bitcoins.

Maybe I should create a thread so we can coordinate our e-mails to merchants.


Edit: Here it is
https://bitcointalksearch.org/topic/lets-coordinate-our-contacts-to-merchants-post-a-merchant-contact-info-here-1100748
legendary
Activity: 1218
Merit: 1003
Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money Sad



Well that's the risk you take when you hold a percentage of coins instead of using a payment processor, but who knows how much those coins might be worth in the future.
They have a paper loss if they still have the Bitcoins.  If they hold and the price rises, they have lost less or maybe gained.
As the number of Bitcoin they have has stayd the same, they haven't really lost anything, tax wise anyway I assume.

I doubt they will be complaining when the price rises again. 
sr. member
Activity: 479
Merit: 500
so... a generic response from a front-line customer service rep that says nothing. nice!

OP: Gyft is online 24 hours a day. Wink
legendary
Activity: 2954
Merit: 3060
Join the world-leading crypto sportsbook NOW!
Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money Sad



Well that's the risk you take when you hold a percentage of coins instead of using a payment processor, but who knows how much those coins might be worth in the future.
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